Mergence, a R32bn black-owned financial services group, has acquired a majority stake in Riparian, the largest independent trade commodity finance firm in South Africa, now rebranded as Mergence Commodity Finance.
Catalyst Principal Partners, an Eastern Africa focused private equity firm, has acquired through a newly established firm, Britania Foods, the business and operations of Jambo Biscuits, a biscuits manufacturer in Kenya.
Vumela, a fund managed by FNB and Edge Growth, has recently acquired stakes in Nova Pioneer, an independent school network, and in Mobenzi, a mobile first technology company in South Africa.
Helios Investment Partners has partnered with GBfoods, a multinational food company headquartered in Barcelona, to create one of Africa’s largest fast moving consumer goods (FMCG) businesses.
Ethos Fund VI has acquired a majority shareholding in Little Green Beverages (LGB), a South African carbonated drinks business, in partnership with management and Nedbank Private Equity.
BHR Newwood, an affiliate of BHR Partners, a Chinese private equity firm, has acquired an indirect interest in TF Holdings from Lundin Mining Corporation for $1.136bn in cash.
Village Capital, a global venture capital firm that discovers, develops, and invests in entrepreneurs solving real-world problems, has announced a $100k investment in two African financial inclusion-focused startups.
Oasis Capital Ghana has invested an undisclosed amount in Everpure Holdings, a water bottling company operating in Ghana.
Factor(e) Ventures, Put Your Money Where Your Meaning Is Community (PYMWYMIC), the Doen Foundation, Energy Access Ventures, and the Montpelier Foundation have backed Inspirafarms.
Quantum Global’s Mezzanine Fund has invested in a new joint venture with Tomé International and Independent Power Corporation (IPC) to develop power assets in sub-Saharan Africa.
Catalyst Principal Partners has acquired a significant minority interest in Kensta Group, a compilation of companies bringing together a diverse range of print and digital mediums.
Synergy Private Equity Fund (SPEF) has invested an undisclosed amount in Northstar Finance Services, a financial services platform providing solutions across the financial service value chain in select countries across West Africa.
Kibo Fund II, a $63m regional growth fund managed by Kibo Capital Partners, has invested in I&M Bank Rwanda, the oldest and one of the most profitable banks in Rwanda.
African Rainbow Capital (ARC) has taken an initial 20% stake in A2X Markets, a new stock exchange in South Africa that is looking to compete directly with the JSE.
